Auction houses and club dealers usually sell the finest-grade museum
quality scarcities or rarities. Reports of these prices realized
cause the uninformed to over estimate the value of grandpa's clubs.
Metal shafted clubs with coated or painted shafts made to look like
'cane' or ''wood'' have no collectible value to the wood shaft collector.

Collectors and dealers feel fewer than 5 % of all wood shafted clubs
have interest or value beyond decorative or playable worth. In
effect, this means about 24 out of every 25 clubs you have or
encounter at flea markets or garage sales are COMMON.

One must realize during the period 1920-1935, MILLIONS of LOW GRADE
clubs were made and sold through department, hardware, and sporting
goods stores. Spalding, MacGregor, Burke, Kroydon, Hillerich &
Bradsby, Wilson, Wright & Ditson and scores of others made clubs
with line, dot, hyphen and other face markings. 99% of these are
COMMON and have no value beyond decorative, conversational or
playable items. You can identifying common clubs by:

Clubs that have not been "cleaned, or refinished" that look
all original and slightly used, bring prices in the higher ranges.
Clubs that show use, have some rust or are not of 'high quality",
bring prices in the lower ranges. Clubs that have been RESTORED,
CLEANED, have WARPED or CRACKED shafts and or hosels, heavy RUSTING,
PITTING, BAD,or MISSING GRIPS,bring substantially less.